Post by
Pivotcatalyst on Nov 09, 2017 10:17pm
Conversion
So if they get to 40,723, 339 shares and the deal fell though and NYX is at $1.40 William Hill would be down $89.7 million,
1- if they are allowed to convert the leverage gets them what they want from Scientific Games
2- they are bluffing to get concessions by SG
3- They will take a run at NYX
Worst case scenario as the voting date comes near they will be accumulating shares to up their % which should be easy to see - sell into that run above $2